Archive for the ‘Chart School’ Category

Doc Copper/Gold Indicator Breaking Out Again?

Courtesy of Chris Kimble

The Doc Copper/Gold ratio broke above a 2-year falling channel back in 2016 at (1). Following this breakout, it rallied for the next year. During that year, Copper related assets did very well!

The ratio peaked in the summer of 2018 and created a series of lower highs over the past two years.

The strength of late has the ratio attempting to break above dual resistance at (2).

If the ratio continues to push higher and succeeds in breaking out, Copper, Basic Materials (XLB), and Freeport (FCX), should experience nice upside action!

Bonds would most likely get nervous if this ratio continues to plow higher. If the ratio does remain strong, TLT should perform poorly and TBF should do very well!

An important long-term resistance test is in play currently. What this metals ratio does in the next couple of months, will send an important macro message to the markets!

To become a member of Kimble Charting Solutions, click here.





Dow Gann Angle Update

Courtesy of Read the Ticker

dow-gann-angle-updateTime to see what happens to the Dow post US elections.

The Dow Gann Angle Target 3 (from 2007 top) is on the table, and what a ride that will be. The FED went BRRRRR is all the fundamental news you need to know. Gann angles are very good tool to see how the masses are pushing price.

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DOW

The last two US elections saw Bitcoin and the DOW rally well for 6 months, due to stimulus. The most bearish 2020 US Election case for the markets is a Biden win with the Senate and Congress controlled by the Democrats, somehow this blog feels that is very unlikely. So what could go wrong!

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CYCLE

More here

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Changes in the world is the source of all market moves, to catch and ride the change we believe a combination
of Gann Angles,
Cycles,
Wyckoff and
Ney logic
is the best way to ride the change, after all these methods have been used successfully for 70+ years.
This post is a delayed and small sample of what is avaliable to members. Sign up to enjoy the full service.

NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net

Investing Quote…

…”The game taught me the game. And it didn’t spare the rod while teaching.”…

Jesse Livermore

..“I buy on the assumption they could close the market the next day and not reopen it for five years” and “Much success can be attributed to inactivity. Most investors cannot resist the temptation to constantly buy and sell.”..

Warren Buffet

…”This [Federal Reserve Act] establishes the most gigantic trust on earth. When the President Woodrow Wilson signs this bill, the invisible government of the


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Will 2020 Mark Historic Low For Interest Rates?

Courtesy of Chris Kimble

US treasury bond yields have been trending lower for over 3 decades. Could the latest drop mark a significant low for bond yields and interest rates?

In today’s chart, we can see that interest rates have had several spike lows and highs, but that each low is lower and each high is lower. That’s the definition of a downtrend. BUT, each of these spike lows has resulted in big rallies within the downtrend channel. And each of these lows and subsequent rallies have been marked by significant momentum lows (see each green line and shaded box).

So is it time for short-term yields to rally?

Looking at the current set-up, we can see that yields spiked down to the lower trend line support while momentum hit is lowest level in 20-years. This could be signaling a bottom in interest rates. And this could have a major impact on bonds, banks, and the broader economy.

So put this on your investor radar… Is it rally time for bond yields and interest rates? Or will it be different this time? Stay tuned!

This article was first written for See It Makets.com. To see the original post CLICK HERE.

To become a member of Kimble Charting Solutions, click here.





Euro Weakness Here Could Spell Trouble For Gold & Silver Bulls-

Courtesy of Chris Kimble

The Euro is facing one of the most important price tests in the past 20-years, and what it does here, should have a large influence on the price of Gold and Silver weeks from now!

This chart looks at the Euro on a monthly basis, since the late 1990s. Line (1), which is the 1.20 level, has come into play numerous times as both support and resistance.

Since 2008, the Euro has been consistent about creating a series of lower highs and lower lows.

The Euro created a triple bottom from 2015 to 2016. Metals have done VERY well, once the Euro created a triple bottom from 2015 to 2016.

The rally from the 2020 lows, has the Euro testing line (1) and the falling channel at (2). Last month the Euro looks to have created a bearish reversal pattern, just under resistance.

Should the Euro turn weak and break support at (3), after kissing the underside of 20-year resistance at (2), odds favor that metals will struggle to move higher.

Gold and Silver bulls should pay unusually high attention to what the Euro does in the next couple of months. For sure weakness at (3) would be negative for metals.

Do keep this in mind, should the Euro accomplish a dual breakout at (2), the Euro would send a rare and long-awaited bullish message to Gold & Silver!

To become a member of Kimble Charting Solutions, click here.





Bitcoin chart review, here we go again!

Courtesy of Read the Ticker

bitcoin-chart-review-here-we-go-againBitcoin has charged to the moon 4 times, well it looks like we going for a 5th. Bitcoin having 52 week new highs will bring the ‘Robin Hoods’ into the game.

This time may not be 10x, but 1x or 2x is still very nice thank you!

Chart 1: Accumulation is present, this alone suggest higher prices. In this blog view a typical risk on period is required to allow crypto’s to rally (that is SP500 and oil up with the US dollar down), and this may arrive during the US election chaos.

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BTC1

Chart 2: Big point. Notice how open interest has a lot of room to move before prices reflect a top is near.

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BTC2

Chart 3: Bitcoin to $100,000 by 2021 is a little extreme for this blog.

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BTC3

Divider


Changes in the world is the source of all market moves, to catch and ride the change we believe a combination
of Gann Angles,
Cycles,
Wyckoff and
Ney logic
is the best way to ride the change, after all these methods have been used successfully for 70+ years.
This post is a delayed and small sample of what is avaliable to members. Sign up to enjoy the full service.

NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net

Investing Quote…

..”I believe that the public wants to be led, to be instructed, to be told what to do. They want reassurance. They will always move en masse, a mob, a herd, a group, because people want the safety of human company. They are afraid to stand alone because they want to be safely included within the herd, not to be the lone calf


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Reversal In Silver/Gold Ratio Concerning For Precious Metals

Courtesy of Chris Kimble

When precious metals are out-performing other asset classes, it usually means that Silver is also out-performing Gold.

Silver means to Gold what small-caps and growth stocks mean to the broader stock market. Precious metals bulls want to see Silver leading Gold higher to signal a “risk-on” environment for metals trading.

All you have to do is look at the surge in precious metals this year. Gold is up and Silver is way up.

BUT that could all be changing. Precious metals have seen some selling recently with silver leading the way lower. Looking at today’s “monthly” chart of the Silver/Gold price ratio, we can see a large reversal in September at (3) and some early uncertainty in October. This has lead to an important test of support at (4).

Precious metals bulls do NOT want to see this ratio slip below support! Stay tuned!

This article was first written for See It Markets.com. To see the original article CLICK HERE.

To become a member of Kimble Charting Solutions, click here.





Government Bonds Peaking and Starting To Rollover?

Courtesy of Chris Kimble

Are Government bonds creating a peak and starting to roll over? Possible!

What happens at the support test (2) will go a long way to answering this question.

This chart looks at Government bond ETF (TLT) on a monthly basis, where Fibonacci was applied to the 2010 lows and 2016 highs.

TLT hit the Fibonacci 161% extension level,

where it created the largest monthly reversal pattern in the past couple of decades!

Since creating the large reversal pattern in 20-years, with momentum the highest in a decade, TLT has started to create a series of lower monthly highs.

The weakness over the past 6-months has TLT nearing dual support at (2).

If this support fails to hold, it would suggest that an intermediate high in bond prices has taken place and TBF (inverse bond etf) should rally in price!

To become a member of Kimble Charting Solutions, click here.





Interest Rates Bottoming Similar To The Late 1960′s?

Courtesy of Chris Kimble

Are interest rates attempting to create a long-term bottoming pattern over the last 6-months? Possible!

This chart looks at the yield on the 10-year note, on a quarterly basis since the early 1960s.

In the late 1960s and early 1970s, yields started creating higher lows at (1), as they rallied from 4% to 15% in 15-years.

Yields have collapsed over the past few years, since double topping in 2013 and 2018, at the 3% level.

Yields created a large bullish reversal pattern in the first quarter of the year at (2). Since then a small rally in yields has taken place.

Is a long-term low in yields in place? It is too early to tell!

If the yield on the 10-year yield does rally above the .85% level, odds increase an important low in yields is forming!

To become a member of Kimble Charting Solutions, click here.





Gold Price Reversal Lower Warns of Potential Top

Courtesy of Chris Kimble

Precious metals multi-month rally continued into September, with Gold hitting new all-time highs.

But Gold may be sending a cautious message to bulls at the end of September month and quarters-end. While the trend is very much bullish, Gold has created a large bearish reversal pattern this quarter at (2).

This comes in the same quarter that Gold made new all-time highs while testing the very same 261.8 Fibonacci level that Gold kissed and was rejected by back in 2011 at (1). The reversal back in 2011 marked the high for several years!

If Gold bulls want this bull market to continue, they need to see price eclipse the recent highs and negate this reversal warning signal.

This article was first written for See It Markets.com. To see the original post CLICK HERE.

To become a member of Kimble Charting Solutions, click here.





Gold Price Breakout Facing Critical New Support Test!

Courtesy of Chris Kimble

It’s been a heck of a year for Gold. But the year isn’t over yet and precious metals investors are hoping it will close the year out strong. That may depend on what happens in the coming days/weeks.

In today’s article, we feature a “weekly” chart of the Gold ETF (GLD), highlighting its strong up-trend channel and summer breakout to new all-time highs at (1), from Marketsmith.com.

Recently, I provided an update on why Gold could be headed to $3,000 before this new bull market is over.

But as investors are aware, not all breakouts are created equally. Some breakout and run higher, some breakout and back-test support before heading higher, while other breakouts simply fail.

The past several weeks have seen Gold prices pullback to test breakout support at (2). This price area is critically important as old resistance (upper trend line and prior all-time highs) has become new support.

Bulls would love to see a rally take place off this dual support test.

This article was first written for See It Markets.com. To see the original post CLICK HERE.

To become a member of Kimble Charting Solutions, click here.





 
 
 

Zero Hedge

FDA Approves Gilead's Remdesivir To Treat COVID-19 Despite Data Showing Drug Doesn't Work

Courtesy of ZeroHedge View original post here.

Despite reams of data from an international WHO study raising serious questions about its efficacy, the FDA has finally approved the use of Gilead Science's remdesivir - a powerful antiviral originally developed to treat ebola - for the treatment of COVID-19, making it the first such drug approved to treat the virus in the US.

The FDA first granted the drug emergency authorization in May, allowing hospitals and ...



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Phil's Favorites

SPINNING WHEEL

 

SPINNING WHEEL

Courtesy of Almost Daily Grant's

Top of the heap no more. International Business Machines Corp. reported third quarter earnings on Monday, including $17.56 billion in revenues.  That’s down 2.6% from a year ago and 3.1% sequentially and the weakest result since the first quarter of 1997. 

While $2.58 in headline earnings per share was down 4% from a year ago, a series of salutary one-time adjustments spruced up that figure, which was 27% above the $1.89 per share derived from generally accepted accounting principles.  Even those GAAP results were flattered by a meager 7% corporate tax rate.  In 1985, when then-dominant IBM commanded a 6.4% share of the market cap-weighted S&P 500 (a record single-stock concentrati...



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Politics

How to track your mail-in ballot

 

How to track your mail-in ballot

Make sure you know when your ballot is arriving, and whether it’s been accepted for counting back at your election office. erhui1979/DigitalVision Vectors via Getty Images

Courtesy of Steven Mulroy, University of Memphis

Many voters who want to participate in the election by mail are concerned about when they’ll receive their ballot – and whether it will get back in time to be counted.

The pandemic has caused interest in ...



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ValueWalk

A New Judge At The Expense Of COVID Relief

By Ankur Shah. Originally published at ValueWalk.

What’s At Stake for Small Businesses with another Conservative Supreme Court Confirmation?

Q3 2020 hedge fund letters, conferences and more

Press Call - Monday - 2pm ET - Register

Senate Wants A New Judge At ...

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Biotech/COVID-19

Disney's pivot to streaming is a sign of severe COVID economic crisis still to come

 

Image by Eiji Kikuta from Pixabay

 

Disney’s pivot to streaming is a sign of severe COVID economic crisis still to come

Courtesy of Hamza Mudassir, Cambridge Judge Business School

Disney has announced a significant restructuring o...



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Kimble Charting Solutions

Doc Copper/Gold Indicator Breaking Out Again?

Courtesy of Chris Kimble

The Doc Copper/Gold ratio broke above a 2-year falling channel back in 2016 at (1). Following this breakout, it rallied for the next year. During that year, Copper related assets did very well!

The ratio peaked in the summer of 2018 and created a series of lower highs over the past two years.

The strength of late has the ratio attempting to break above dual resistance at (2).

If the ratio continues to push higher and succeeds in breaking out, Copper, Basic Materials (XLB), and ...



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Chart School

Dow Gann Angle Update

Courtesy of Read the Ticker

Time to see what happens to the Dow post US elections.

The Dow Gann Angle Target 3 (from 2007 top) is on the table, and what a ride that will be. The FED went BRRRRR is all the fundamental news you need to know. Gann angles are very good tool to see how the masses are pushing price.


Click for popup. Clear your browser cache if image is not showing.



The last two US elections saw Bitcoin and the DOW rally well for 6 months, due to stimulus. The most bearish 2020 US Election case for the markets is a Biden win with the Senate and Congress controlled by the Democrats, somehow this blog feels that is very unlikely. So what could go wrong!


...

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Digital Currencies

Bitcoin: the UK and US are clamping down on crypto trading - here's why it's not yet a big deal

 

Bitcoin: the UK and US are clamping down on crypto trading – here's why it's not yet a big deal

Where there’s a bit there’s a writ. Novikov Aleksey

Courtesy of Gavin Brown, University of Liverpool

The sale and promotion of derivatives of bitcoin and other cryptocurrencies to amateur investors is being banned in the UK by the financial regulator, the Financial Conduct Authority (FCA). It is a...



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Mapping The Market

COVID-19 Forces More Than Half of Asset Management Firms to Accelerate Adoption of Digital Marketing Technology

By Jacob Wolinsky. Originally published at ValueWalk.

There is no doubt that the use of technology to support client engagement initiatives brings both opportunities and threats but this has been brought into sharp focus this year with the COVID-19 pandemic.

The crisis has brought to the fore the need for firms to enable flexibility in client engagement – the expectation that providers will communicate to clients on their terms, at their speed and frequency and on their preferred channels, is now a given. This is even more critical when clients are experiencing unparalleled anxiety from both market conditions and their own personal circumstances.

...

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The Technical Traders

Adaptive Fibonacci Price Modeling System Suggests Market Peak May Be Near

Courtesy of Technical Traders

Our Adaptive Fibonacci Price Modeling system is suggesting a moderate price peak may be already setting up in the NASDAQ while the Dow Jones, S&P500, and Transportation Index continue to rally beyond the projected Fibonacci Price Expansion Levels.  This indicates that capital may be shifting away from the already lofty Technology sector and into Basic Materials, Financials, Energy, Consumer Staples, Utilities, as well as other sectors.

This type of a structural market shift indicates a move away from speculation and towards Blue Chip returns. It suggests traders and investors are expecting the US consumer to come back strong (or at least hold up the market at...



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Lee's Free Thinking

Texas, Florida, Arizona, Georgia - The Branch COVIDIANS Are Still Burning Down the House

 

Texas, Florida, Arizona, Georgia – The Branch COVIDIANS Are Still Burning Down the House

Courtesy of Lee Adler, WallStreetExaminer 

The numbers of new cases in some of the hardest hit COVID19 states have started to plateau, or even decline, over the past few days. A few pundits have noted it and concluded that it was a hopeful sign. 

Is it real or is something else going on? Like a restriction in the numbers of tests, or simply the inability to test enough, or are some people simply giving up on getting tested? Because as we all know from our dear leader, the less testing, the less...



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Insider Scoop

Economic Data Scheduled For Friday

Courtesy of Benzinga

  • Data on nonfarm payrolls and unemployment rate for March will be released at 8:30 a.m. ET.
  • US Services Purchasing Managers' Index for March is scheduled for release at 9:45 a.m. ET.
  • The ISM's non-manufacturing index for March will be released at 10:00 a.m. ET.
  • The Baker Hughes North American rig count report for the latest week is scheduled for release at 1:00 p.m. ET.
...

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Promotions

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TODAY's LIVE webinar on stocks, options and trading strategy is open to all!

Feb. 26, 1pm EST

Click HERE to join the PSW weekly webinar at 1 pm EST.

Phil will discuss positions, COVID-19, market volatility -- the selloff -- and more! 

This week, we also have a special presentation from Mike Anton of TradeExchange.com. It's a new service that we're excited to be a part of! 

Mike will show off the TradeExchange's new platform which you can try for free.  

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About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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